Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[empowering]

Yawwwwn

[Slow death]

What the hell is this:




was a huge fall and many alts are in that state

Here is the champion of the day:




 

bitcoin falls and we have the end of alt

[Xavofat]

Maybe I am asking silly questions because I'm a newbie? lol

You're not.  All reasonable arguments about this have been washed away with a mixture of confirmation bias and the backfire effect.  It's a shame, but I'll try to give you useful information.

Want to know about how segwit, segwitx2, and whatever is bcash are working. But purely technical features. Not biased arguments on either side
Any useful info? thanks

SegWit is a soft fork upgrade to the network's capacity which works by adding a new transaction format.  You can send SegWit transactions by transferring your funds to SegWit-compatible wallets and then sending from them.

The purpose of SegWit transactions is to segregate witness data from the transaction in such a way that it is not seen by old nodes but is seen by newer SegWit nodes.  This means that old nodes still see the block size as being 1MB but the new nodes see it as larger (because they see the witness data).

For more details and the benefits of this, see https://bitcoincore.org/en/2016/01/26/segwit-benefits
Bitcoin Cash was a hard fork upgrade to the network's capacity which works by increasing the base block size. In general, Bitcoin Cash supporters favour significant onchain scaling.  

You can read about their opinions about this on bitcoincash.org.

Because it was a low-consensus hard fork with replay protection, you can spend coins from both chains separately, whereas SegWit was implemented on the main chain.
The New York Agreement was an agreement to have a separate hard fork which has SegWit activated and also has a base block size of 2MB.  If the agreement goes through, the hard fork will happen in November.  

[600watt]

What the hell is this:




was a huge fall and many alts are in that state

Here is the champion of the day:




 

bitcoin falls and we have the end of alt

no, the ETH/ICO/ scamparade is crumbling and drags down btc

[Ted E. Bare]

Is crypto done?

[Paashaas]

interesting that the ICO/ETHER super-greed camp is imploding now. dragging down our bitcoin. ICO better implode now for real than causing much more trouble later. e v e r y imaginable s h i t c o i n gets pumped to the millions.

they should have been patient and develop bitcoin sidechains with real life utility. but no, they wanted it all and instantly and without bothering the well established bitcoin platform. 

ETH, all the scam-coins, bcash and other scam-forks- they all want the same thing: kick bitcoin from its throne.  it is amazing how resilient bitcoin is facing the full range of straight competition to full force sabotage.

so yeah, let the scammers burn.

ETH is a complete joke now, it was supposed to be a smart contract platform but it transformed into a major ICO scam shit show..

Roostock will fulfill the smart contract revolution, in fact all altcoins will be replaced by side-chains in time.

[fabiorem]

Wasnt NEO linked to the PBOC somehow? Why would they ban this coin?

I guess there were some chinese coins unknown to the west, which were ripping off people in China.

But since their politicians are commies, they got to ban all of them, instead of just the ones which were causing trouble.

If you are selling your alts, know this: someone is buying them. And if someone is buying them, then they will go up again.

[empowering]

Wasnt NEO linked to the PBOC somehow? Why they would ban this coin?

I guess there were some chinese coins unknown to the west, which were ripping off people in China.

But since their politicians are commies, they got to ban all of them, instead of just the ones which were causing trouble.

If you are selling your alts, know this: someone is buying them. And if someone is buying them, then they will go up again.

..?

China is NOT banning NEO

Not sure where you got that idea from?

NEO was a product of an ICO conducted and completed! (So not banned from existing as already a ongoing concern)

Whilst NEO will run ICOs that is NOT what It was set up for- it
is a smart contract platform that will be registering real world assets and it is a blockchain-
it is not an ICO platform - though crowdfunding is one of the types
of smart contract that will be possible on the platform. They STILL will be running ICOs (starting with redpulse this weekend) the only catch being they will have to block ip from the Chinese mainland.  (edit-until the new regs are in place)

 They have worked to design their platform to be compliant - Onchain has worked with the government in creating
LawChain/ IdentityChain - this is their link.

Fosun are involved with Onchain - smart money has not got this wrong.

When the dust settles - there will be some winners in the ICO space and
I fully expect NEO to be top of the pile! (In china)  and again ICOs are only one element in what NEO is.

[Last of the V8s]

... the only catch being they will have to block ip from the Chinese mainland.
...
I fully expect NEO to be top of the pile! (In china) ...

I'm confused about this

[Denker]

interesting that the ICO/ETHER super-greed camp is imploding now. dragging down our bitcoin. ICO better implode now for real than causing much more trouble later. e v e r y imaginable s h i t c o i n gets pumped to the millions.

they should have been patient and develop bitcoin sidechains with real life utility. but no, they wanted it all and instantly and without bothering the well established bitcoin platform. 

ETH, all the scam-coins, bcash and other scam-forks- they all want the same thing: kick bitcoin from its throne.  it is amazing how resilient bitcoin is facing the full range of straight competition to full force sabotage.

so yeah, let the scammers burn.

ETH is a complete joke now, it was supposed to be a smart contract platform but it transformed into a major ICO scam shit show..

Roostock will fulfill the smart contract revolution, in fact all altcoins will be replaced by side-chains in time.

Well. in terms of Rootstock that needs to be seen. So far they haven't shown that much to the public what looks promising and convincing.
I also believe we will have to wait how other countries will react regarding these ICOs. Only if it's get extremely regulated in all major countries I could imagine Ethereum really getting a big hit which it will hardly recover from. If this however won't be the case they will be able to continue that shitshow. Ethereum is in bed with the old system already in certain countries, they will probably find a way/agreement however that will look like.

[Torque]

Haven't seen this kind of massively coordinated FUD in a while. Notice that all the major news sites had their FUD articles ready to launch at precisely the same time. Must be some big money that wants to get in at a lower price. They knew "China Bans Bitcoin" wouldn't work this time, so they had to take a slightly different angle with the ICOs.

FUD can come in many different varieties and flavors, but underneath it is all the same shit.

[empowering]

... the only catch being they will have to block ip from the Chinese mainland.
...
I fully expect NEO to be top of the pile! (In china) ...

I'm confused about this

The blocking of China mainland IP was referring to the Red Pulse and upcoming ICOs
in the future they will allow ICOs again. Once they announce the new strict regs

Because the Chinese don't want to ban ICOs
they want to ban 95% of them and for them to
be carried out in a very regulated fashion.

NEO is perfectly positioned for this transtion - and
any competition they have now - won't come from a crappy ICO

They have positioned themselves- and have very interesting connections
Fosun et al. The work they have done with LawChain/identityChain and digital asset registration
And the dbft blockchain NEO - puts them right where they need to be to execute the smart contracts
under the new regulations for ICOs in China.

PS - Ban is temporary IMO

PPS- a prediction = I believe we will see some of the biggest "ICO" /fundraising EVER in the future carried on NEO-this recent developments make me even more sure of this.

[Dakustaking76]

Why are we bleeding So much...

Is there Any bad news..?

[bones261]

Why are we bleeding So much...

Is there Any bad news..?

Paris Hilton endorsed some crap ICO on twitter and spelled Bitcoin, BitCoin.  

https://twitter.com/ParisHilton/status/904456098035286016

(Oh, China banned companies from raising money via ICO, but I actually think that is good news.)

[bitcoinPsycho]

Buy as much as you can now . As soon as the Americans start bombing north Korea BTC will fly

[YamashitaRen]

We're just getting our long awaited correction.

[becoin]

Good correction. Cheap coins. Thanks!

[Icygreen]

Bought @ 4200 

[empowering]

Why are we bleeding So much...

Is there Any bad news..?

Paris Hilton endorsed some crap ICO on twitter and spelled Bitcoin, BitCoin.  

https://twitter.com/ParisHilton/status/904456098035286016

(Oh, China banned companies from raising money via ICO, but I actually think that is good news.)

Confirmed

[JimboToronto]

Good morning Bitcoinland.

I see the price has dipped further after my little shopping trip in the middle of the night... currently $4260USD/$5290CAD (Bitcoinaverage).

I think I'll wait a little longer to see if it goes even deeper before buying more. The panic following the PBoC announcement probably isn't done yet.

Meanwhile, along with all the scam/ICOcoins and other altcoins, Altcoin cash has taken a real beating... $515USD/$640CAD (Coinmarketcap)

the ETH/ICO/ scamparade is crumbling and drags down btc

Exactly my read on the situation.

The PBoC has identified ICOs far what they are, ripoff scams.

I had the chance back in January 2014 to get in on the original Ethereum ICO after hearing Vitalik Buterin speak at Decentral but declined to participate because the whole concept of pre-mined coins seemed sleazy to me. Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics.

Bitcoin is holding up quite nicely during this shitshow. Its losses are half of those of the scamcoins.